hi,
i had a query that when the book profits of a company is about Rs 2000 while mat liability arises of Rs 42000 so in this case whether we should provide for the provision from the profits ,Like to see ur opinions ,please provide the same .................
in this case incmoe tax liabilty shall be higer of the following:-
2000*30.90% or 42000*19.055% than diffrence will be avaliable as a mat credit.
AJAY SINGH AND CO LLP
Thane
CA Final
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RMA And Associates LLP
New Delhi
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
Pro
CAclubindia
